For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Timetric's Congolese fiscal regime report outlines the governing bodies, governing laws, licenses, rights, obligations and tax-related information on five commodities: iron ore, copper, gold, silver and diamond.
Timetric's fiscal regime report covers the Democratic Republic of the Congo which has a variety of mineral resources, including copper, cobalt, zinc, diamonds and colombo-tantalite. Other lesser-mined minerals include cadmium, cassiterite (tin ore), gold, silver, wolframite and uranium. Its mining industry is governed by the Ministry of Mines; The Mining Code: Law No 007/2002 regulates the minerals sector.
The report outlines the governing bodies, laws, mining licenses, rights, obligations and key fiscal terms which includes royalties, corporate income tax, property tax, depreciation, loss carry forward, exceptional tax on expatriates' salaries, turnover tax, surface area tax and value added tax (VAT).
Reasons To Buy
Gain an overview of The Democratic Republic of the Congo's mining fiscal regime
Â• The Ministry of Mines formulates government policy related to the mining sector, based on the national mining code. The ministry also grants mining and quarry rights and monitors the achievements of different mining activities.
Â• Under the guidance of the Ministry of Mines, the Mining Registry is a public entity with the legal status and administrative and financial autonomy to register the deeds provided for in the Mining Code.
Â• The Centre for Expertise, Evaluation and Mineral Substances Certification Precious and Semi-Precious was established by Decree No. 11/2011 of 7 June 2011.
Â• The Mining Code specifies the need for an environmental impact study (EIS), a mitigation and rehabilitation plan (MRP) and an environmental management plan for the project (EMPP).